LCC Projects IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Construction
Incorporated in 2017, LCC Projects Limited is a Gujarat-based multidisciplinary Engineering, Procurement and Construction (EPC) company primarily engaged in irrigation and water supply infrastructure projects. The company undertakes complex projects covering the construction of dams, barrages,…
Open Date
Wed, 09 Sep 2026
Close Date
Fri, 11 Sep 2026
Price Band
₹ 139 – 146
Lot Size
102
Issue Size
₹ 427.14 Cr
Minimum Investment
₹ 14,892 (102 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
LCC Projects IPO is set to open its Initial Public Offering (IPO) for subscription on September 09, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹427.14 Crore, comprising a fresh issue of 1.77 Crore equity shares aggregating to ₹258.00 Crore and an offer for sale (OFS) of 1.16 Crore equity shares aggregating to ₹169.14 Crore by the existing shareholders.
The LCC Projects IPO will open for subscription on September 09, 2026, and close on September 11, 2026. The basis of allotment is expected to be finalized on September 15, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 17, 2026.
The company has fixed the price band at ₹139 to ₹146 per share, with a lot size of 102 shares. Retail investors will require a minimum investment of ₹14,892 (based on the upper price band) to apply for one lot.
KFin Technologies Limited is the registrar to the issue. Motilal Oswal Investment Advisors Ltd are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the LCC Projects IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 11, 2026.
LCC Projects IPO Timeline (Tentative)
- IPO Open Date
- Wed, 09 Sep 26
- IPO Close Date
- Fri, 11 Sep 26
- Basis of Allotment
- Tue, 15 Sep 26
- Initiation of Refunds
- Wed, 16 Sep 26
- Credit of Shares to Demat
- Wed, 16 Sep 26
- Listing Date
- Thu, 17 Sep 26 — BSE & NSE
Open Date
09 September 2026
Close Date
11 September 2026
Basis Of Allotment
15 September 2026
Listing Date
17 September 2026
IPO Subscription
Check Live Subscription →The LCC Projects IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 09 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Retail Investors | 0 | 0% |
| Non-Institutional | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2447.54 | 1727.46 | 1129.99 |
| Revenue | 3639.45 | 2941.01 | 2449.79 |
| Profit After Tax | 286.44 | 223.63 | 122 |
| Net Worth | 888.41 | 604.99 | 382.83 |
| Reserve & Surplus | 752.41 | 468.99 | 348.83 |
| Total Borrowings | 860.65 | 649.55 | 422.3 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
LCC Projects Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 32.24 | 36.96 | 31.87 |
| ROCE % | 27.13 | 27.64 | 27.63 |
| Debt / Equity | 0.97 | 1.23 | 1.1 |
| RoNW % | 32.24 | 36.96 | 31.87 |
| Pat Margin % | 7.96 | 7.66 | 5 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| LCC Projects Limited | 5 | 0 | 10.42 | 10.42 | 0 | 32.66 |
| Vishnu Prakash R Punglia Ltd | 10 | 0 | -12.04 | -12.04 | 0 | 50.54 |
| Enviro Infra Engineers Ltd | 10 | 19.14 | 10.42 | 10.41 | 15.28 | 70.23 |
About LCC Projects Limited
Incorporated in 2017, LCC Projects Limited is a Gujarat-based multidisciplinary Engineering, Procurement and Construction (EPC) company primarily engaged in irrigation and water supply infrastructure projects. The company undertakes complex projects covering the construction of dams, barrages, weirs, hydraulic structures, canals, lift irrigation systems, underground pipeline networks, pipe distribution systems, and multi-village water supply schemes.
As of March 31, 2026, LCC Projects had an order book of ₹7,953 crore comprising 103 projects, with irrigation and water supply projects accounting for 83.26% of the total order book. Its key projects include the Sondwa Lift Micro Irrigation Project, Sidhi Bansagar Multi-Village Scheme, and Gandhi Sagar 1 Multi-Village Scheme. The company has also executed projects such as the Tawa Left Bank Canal, Parbati Dam Project, Dudhai Sub-Branch Canal Project, and AKOT Lift Irrigation Scheme.
The company has expanded its geographical presence from eight states to 12 states, including Gujarat, Madhya Pradesh, Odisha, Rajasthan, Maharashtra, Uttar Pradesh, Karnataka, Jharkhand, Chhattisgarh, Andhra Pradesh, Himachal Pradesh, and Haryana. As of March 2026, it had completed 80 projects and maintained a workforce of 2,093 permanent employees.
Irrigation and water supply is LCC Projects’ core business, contributing 87.44% of FY26 revenue, while EPC activities accounted for 99.84% of operating revenue. Government departments contributed 79.07% of the company’s order book, providing substantial exposure to public infrastructure spending.
The company’s capabilities are supported by in-house design and engineering expertise, a team of 698 engineers and technical personnel, specialized construction equipment, and technology-enabled project execution. These capabilities enable LCC Projects to undertake large-scale and technically complex infrastructure projects across multiple regions in India.
LCC Projects IPO Promoters
- Arjan Suja Rabari
- Laljibhai Arjanbhai Ahir
- Maya Arjan Rabari
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
89.90%
LCC Projects IPO Objective
The Company LCC Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Purchase of equipment
Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company
General corporate purposes
LCC Projects Limited Address / Contact Details
LCC Projects Ltd.
‘B’ Wing,15th Floor, Privilon Building,
Vikram Nagar AmbliBopal Road,
Behind ISKCON Temple,
Ahmedabad, Gujarat, 380058
Phone: +91 79 4848 4453
Email: cs@lccprojects.com
Website: https://www.lccprojects.com/
IPO Snapshot
LCC Projects IPO Lot Size
The LCC Projects IPO has a lot size of 102 shares. Retail investors require a minimum investment of ₹14,892 by applying for 1 lot (102 shares). The maximum application allowed for the retail category is 13 lots (1,326 shares), requiring an investment of ₹1,93,596.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 102 | 14,892.00 |
| Retail (Max) | 13 | 1,326 | 193,596.00 |
| S-HNI (Min) | 14 | 1,428 | 208,488.00 |
| S-HNI (Max) | 67 | 6,834 | 997,764.00 |
| B-HNI (Min) | 68 | 6,936 | 1,012,656.00 |
Issue Reservation
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the LCC Projects IPO?
LCC Projects IPO is a Book-building IPO with a total issue size of ₹427.14 crore. The LCC Projects IPO price band is ₹139 to 146 per share. The LCC Projects IPO subscription opens on Wed, Sep 9, 2026, and closes on Fri, Sep 11, 2026. The LCC Projects IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the LCC Projects IPO.
When will the LCC Projects IPO open for subscription?
The LCC Projects IPO opens on Wed, Sep 9, 2026 and closes on Fri, Sep 11, 2026
What is LCC Projects IPO Price Band?
LCC Projects IPO Price Band is ₹139 to 146 per share.
What is LCC Projects IPO Lot Size?
LCC Projects IPO lot size is 102 shares, Retail investors need a minimum investment of ₹14892 based on the upper price band
What is the minimum investment for LCC Projects IPO?
The minimum investment for LCC Projects IPO is ₹14892, based on one lot of 102 shares at the upper price band of ₹146 per share.
How to apply for LCC Projects IPO?
Investors can apply for the LCC Projects IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 11, 2026. The application amount remains blocked until the LCC Projects IPO allotment is finalized.
What is LCC Projects IPO Issue Size?
LCC Projects IPO issue size is ₹427.14 crores.
What is the LCC Projects IPO Allotment Date?
LCC Projects IPO allotment date is Tue, Sep 15, 2026.
Who is the LCC Projects IPO Registrar?
The registrar for LCC Projects IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check LCC Projects IPO allotment status, refund processing, and other IPO-related information.
What is the LCC Projects IPO GMP?
The LCC Projects IPO GMP (Grey Market Premium) is ₹0 as of Fri, Sep 4, 2026. Based on the upper price band of ₹146 per share, the estimated LCC Projects IPO listing price is ₹146, indicating a potential listing gain of approximately 0.00% over the issue price.
Who is the LCC Projects IPO Lead Manager?
The book-running lead managers (BRLMs) for the LCC Projects IPO are Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the LCC Projects IPO Red Herring Prospectus (RHP).